As of 2023, the market size value per capita in the UK for knitted or crocheted shawls, scarves, mufflers, mantillas, veils, and similar items stood at €0.99. Forecasts project a slight year-on-year decline, with values expected to drop to €0.98 in 2024, €0.97 in 2025 and 2026, €0.96 in 2027, and €0.95 in 2028. This equates to an annual average decline (CAGR) over the next five years. The overall trend suggests a gradual decrease in market size value per capita.
Future trends to watch for:
- Changes in consumer preferences towards sustainable and eco-friendly textiles.
- The influence of global fashion trends on local consumption.
- Potential impacts from economic conditions and disposable income levels in the UK.